Vietnam light industry park to be set up in Moscow
Authorities of Ho Chi Minh City and Moscow are working together to establish a light industry park for Vietnamese enterprises in the Russian capital.
The park’s target sectors include garment-textiles, leather footwear, woodwork production and packaging.
Vietnam has so far channeled US$2.93 billion into 20 projects in Russia, mostly in oil and gas exploration and services.
Russia ranks 17th out of 112 nations and territories investing in Vietnam with 114 projects worth US$2.08 billion.